How to Stake CHEQD Network (CHEQ): A Step-by-Step Guide for South Africans

Introduction

Staking CHEQD Network can be an excellent choice for those looking to hold CHEQ while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. Acquire CHEQD Network (CHEQ) Tokens
To stake CHEQD Network, you first need to acquire it. To obtain CHEQD Network, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
BingX CHEQD Network (CHEQ) 0,01
Bitmart CHEQD Network (CHEQ) 0,01
Bitpanda CHEQD Network (CHEQ) 0,05
CoinEx CHEQD Network (CHEQ) 0,01
Gate.io CHEQD Network (CHEQ) 0,01
Kucoin CHEQD Network (CHEQ) 0,01
View all 13 prices
2. Select a CHEQD Network Wallet
Once you have CHEQ, you'll need to choose a CHEQD Network wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
MyCointainer CHEQD Network (CHEQ) Up to 10% APY
Stakewolle CHEQD Network (CHEQ) Up to 12,89% APY
3. Delegate Your CHEQ
We recommend using a staking pool when staking CHEQ. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CHEQ, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the CHEQD Network network. You'll be rewarded with CHEQ for these validations.

Platform	Mint	Cost
BingX	CHEQD Network (CHEQ)	0,01
Bitmart	CHEQD Network (CHEQ)	0,01
Bitpanda	CHEQD Network (CHEQ)	0,05
CoinEx	CHEQD Network (CHEQ)	0,01
Gate.io	CHEQD Network (CHEQ)	0,01
Kucoin	CHEQD Network (CHEQ)	0,01

Platform	Mint	Staking rewards in South Africa
MyCointainer	CHEQD Network (CHEQ)	Up to 10% APY
Stakewolle	CHEQD Network (CHEQ)	Up to 12,89% APY

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.

Latest Movements in the Market

CHEQD Network (CHEQ) is currently priced at US$10 with a 24-hour trading volume of US$650 395. The market cap of CHEQD Network stands at US$40,11M, with 846,16M CHEQ in circulation. For those looking to buy or trade CHEQD Network, MyCointainer offers avenues to do so securely and efficiently}

Market capitalisation: US$40,11M
24-hour trading volume: US$650 395
Circulating supply: 846,16M CHEQ

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